Core Viewpoint - Range Resources Corporation announced a quarterly cash dividend increase of 12.5%, reflecting the company's strong financial performance and commitment to returning value to shareholders [1]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.09 per common share [1]. - The dividend is payable on March 28, 2025, to stockholders of record as of March 14, 2025 [1]. - This increase results in an annualized dividend of $0.36 per share [1]. Group 2: Company Overview - Range Resources Corporation is a leading independent natural gas and NGL producer in the U.S., primarily operating in the Appalachian Basin [2]. - The company is headquartered in Fort Worth, Texas [2].

Core Viewpoint - Range Resources Corporation has appointed Christian S. Kendall to its Board of Directors, effective February 27, 2025, to enhance its governance and strategic initiatives in the energy sector [1][2]. Group 1: Appointment Details - Christian S. Kendall will serve on Range's Governance and Nominating and ESG and Safety Committees [1]. - Mr. Kendall has over 30 years of experience in the oil and gas industry, including leadership roles at Denbury Inc. and Noble Energy [2][3]. Group 2: Background and Expertise - Prior to his appointment, Mr. Kendall was the President and CEO of Denbury Inc. until its acquisition by Exxon Mobil Corporation in November 2023 [2]. - He has held various leadership positions at Noble Energy for 14 years, focusing on global operations [3]. - Mr. Kendall began his career in the energy sector at Mobil Corporation in 1989 [3]. Group 3: Educational Qualifications - Mr. Kendall holds a Bachelor of Science in Engineering, Civil Specialty from the Colorado School of Mines and completed the Advanced Management Program at Harvard Business School [4]. Group 4: Company Overview - Range Resources Corporation is a leading independent natural gas and NGL producer in the U.S., primarily operating in the Appalachian Basin [5].

Core Insights - Range Resources Corporation (RRC) reported fourth-quarter 2024 adjusted earnings of 68 cents per share, exceeding the Zacks Consensus Estimate of 51 cents and improving from 63 cents in the prior year [1] - Total quarterly revenues reached $750 million, surpassing the Zacks Consensus Estimate of $693 million and increasing from $715 million year-over-year [1] Operational Performance - Production averaged 2,202.5 million cubic feet equivalent per day (Mcfe/d), slightly lower than the prior-year level of 2,207.4 Mcfe/d but above the projection of 2,196.2 Mcfe/d [3] - Natural gas contributed approximately 68% to total production, with natural gas production decreasing by 2% year-over-year, oil production decreasing by 30%, and NGL output increasing by 7% [3] Price Realization - Total price realization averaged $3.13 per Mcfe, up 5% year-over-year and higher than the estimate of $2.74 per Mcfe [4] - Natural gas price increased by 8% year-over-year to $2.43 per Mcf, while NGL price rose by 6% and oil price fell by 12% [4] Costs & Expenses - Total costs and expenses increased by 1% year-over-year to $562 million, exceeding the expectation of $554.4 million [5] - Transportation, gathering, processing, and compression costs rose to $299.4 million from $283.1 million in the prior-year quarter [5] Capital Expenditure & Balance Sheet - Drilling and completion expenditure amounted to $124 million, with an additional $29 million spent on acreage leasehold and gathering systems [6] - Total debt at the end of the reported quarter was $1,697.9 million [6] Outlook - Range Resources expects total production for 2025 to be 2.2 billion cubic feet equivalent per day, with over 30% attributed to liquids production [7] - The estimated capital budget for 2025 is between $650 million and $690 million [7]

Financial Performance - Range's 2024 cash flow from operating activities was $945 million, with a net income of $95 million, translating to $0.39 per diluted share[7][13]. - Total revenues and other income decreased by 33% year-over-year to $626,417,000 for the three months ended December 31, 2024, and by 28% to $2,417,084,000 for the twelve months ended December 31, 2024[50]. - Net income for the three months ended December 31, 2024, was $94,842,000, a decrease of 69% compared to $310,034,000 in the same period of 2023, and for the twelve months, it was $266,340,000, down 69% from $871,142,000[50]. - The company reported a net cash provided from operating activities of $217,890,000 for the three months ended December 31, 2024, and $944,514,000 for the twelve months, reflecting a decrease from $226,095,000 and $977,892,000, respectively[56]. - Total revenues for the twelve months ended December 31, 2024, were $2,213,850,000, a decrease of 5.2% from $2,334,661,000 in 2023[67]. - Adjusted earnings per diluted share for the twelve months ended December 31, 2024, was $2.30, down from $2.40 in 2023[65]. Production and Reserves - Proved reserves at year-end 2024 remained stable at 18.1 Tcfe, with positive performance revisions for the 17th consecutive year[7][22]. - Range's 2025 capital budget is projected to be between $650 million and $690 million, targeting annual production of approximately 2.2 Bcfe per day[6][26]. - The company plans to maintain a production level of 2.6 Bcfe per day by 2027, requiring approximately $570 million in annual drilling and completion capital[11]. - Total production of natural gas, NGLs, and oil for 2024 was 796,234,598 mcfe, a 2% increase from 780,574,707 mcfe in 2023[60]. Pricing and Sales - The average realized price for natural gas in Q4 2024 was $2.90 per mcfe, with a differential of ($0.44) to NYMEX[18]. - The company expects FY 2025 natural gas prices to range from $0.40 to $0.48 below NYMEX, with liquids prices ranging from $0.00 to $1.25 per barrel, and oil/condensate prices expected to be $10.00 to $15.00 below WTI[29]. - Natural gas sales increased to $337,176,000 in Q4 2024 from $320,393,000 in Q4 2023, representing a 5% growth[60]. - NGLs sales rose to $270,356,000 in Q4 2024, up from $238,423,000 in Q4 2023, marking a 13% increase[60]. - Oil sales decreased to $27,590,000 in Q4 2024 from $44,463,000 in Q4 2023, a decline of 38%[60]. Debt and Cash Flow Management - The company reduced net debt by $172 million, ending 2024 with approximately $1.40 billion in net debt[7][20]. - Current assets increased to $636,982,000 as of December 31, 2024, compared to $528,794,000 in 2023, while current liabilities rose significantly to $1,263,247,000 from $580,469,000[53]. - Total debt, net of deferred financing costs, decreased by 4% to $1,697,883,000 as of December 31, 2024, from $1,774,229,000 in 2023[54]. - The company emphasizes the importance of cash flow from operations before changes in working capital as a key financial indicator for funding exploration and development activities[36]. Hedging and Financial Strategy - The company maintains a strong hedging strategy to enhance cash flow predictability and financial flexibility[31]. - As of December 31, 2024, the combined fair value of natural gas basis hedges resulted in a net loss of $29.2 million, indicating the company's strategy to limit price volatility[32]. - The presentation of PV10 value of proved reserves is highlighted as a relevant metric for investors, providing a basis for evaluating estimated net cash flows[41]. Dividends and Shareholder Returns - Range's Board of Directors plans to approve a 12.5% increase in the quarterly cash dividend to $0.09 per share[21]. Other Financial Metrics - Basic net income per common share for the three months ended December 31, 2024, was $0.39, down from $1.29 in 2023, and diluted earnings per share was $0.39 compared to $1.27[50]. - Non-GAAP diluted earnings per share for 2024 was $0.68, up 6% from $0.64 in 2023[63]. - Cash margin for Q4 2024 was $314,556,000, representing a 5.4% increase from $298,445,000 in Q4 2023[68]. - Cash margin per mcfe for Q4 2024 was $1.55, up 5.4% from $1.47 in Q4 2023[67].

In addition, our production forecasts and expectations for future periods are dependent upon many assumptions, including estimates of production decline rates from existing wells and the undertaking and outcome of future drilling activity, which may be affected by significant commodity price declines or drilling cost increases. Investors are urged to consider closely the disclosure in our most recent Annual Report on Form 10-K, available from our website at www.rangeresources.com or by written request to 10 ...

Range Resources Corporation. (NYSE:RRC) Q4 2024 Earnings Conference Call February 26, 2025 9:00 AM ET Company Participants Laith Sando - Vice President, Investor Relations Dennis Degner - Chief Executive Officer Mark Scucchi - Chief Financial Officer Alan Engberg - Vice President Liquid Marketing Conference Call Participants Scott Hanold - RBC Jake Roberts - TPH & Company Bertrand Donnes - Truist Kevin McCurdy - Pickering John Annis - Texas Capital Michael Scialla - Stephens Neil Mehta - Goldman Sachs Betty ...

For the quarter ended December 2024, Range Resources (RRC) reported revenue of $749.83 million, up 4.8% over the same period last year. EPS came in at $0.68, compared to $0.63 in the year-ago quarter.The reported revenue represents a surprise of +8.20% over the Zacks Consensus Estimate of $693.03 million. With the consensus EPS estimate being $0.55, the EPS surprise was +23.64%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Range Resources (RRC) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.64%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.35 per share when it actually produced earnings of $0.48, delivering a surprise of 37.14%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Delaware 34-1312571 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 100 Throckmorton Street, Suite 1200, Fort Worth, Texas 76102 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (817) 870-2601 Securities registered pursuant to Section 12(b) of the Act: | Title of Each Class | Trading Symbol | Name of each exchange on which re ...

Financial Performance - Range Resources Corporation reported fourth quarter 2024 revenues of $626 million, a decrease of 33% compared to the previous year [13]. - The company generated cash flow from operating activities of $945 million for the year, with a net income of $95 million for the fourth quarter, down 69% year-over-year [8][13]. - The average production for the fourth quarter was 2.2 Bcfe per day, with approximately 68% being natural gas [8][16]. Capital Expenditures and Guidance - The all-in capital budget for 2025 is projected to be between $650 million and $690 million, targeting annual production of approximately 2.2 Bcfe per day [5][28]. - The company plans to invest up to $30 million in non-maintenance acreage and $20-$30 million in production facility upgrades to reduce emissions [5][9]. - For the three-year outlook, Range expects to increase daily production to 2.6 Bcfe by 2027, with annual capital expenditures ranging from $650 million to $700 million [11]. Reserves and Production Outlook - As of year-end 2024, Range's proved reserves remained stable at 18.1 Tcfe, marking the 17th consecutive year of positive performance revisions [24]. - The company has approximately 6.2 Tcfe of proved undeveloped reserves, with an expected development cost of $0.38 per mcfe [24]. - The present value (PV10) of reserves under SEC methodology was reported at $5.5 billion, with a higher PV10 of $12.2 billion using December 31, 2024 strip prices [25][26]. Market Position and Strategy - Range Resources is positioned as a low-cost, low-emissions natural gas producer, with a focus on the Appalachian Basin to meet growing global gas demand [4]. - The company has secured incremental transportation and export capacity expected to start in 2026, enhancing its market access [12][15]. - The strategic investments made over the past two years are aimed at building in-process well inventory to support efficient production growth through 2027 [3][4]. Shareholder Returns - The company returned $77 million in dividends and invested $65 million in share repurchases during the year [8]. - A 12.5% increase in the quarterly cash dividend to $0.09 per share is expected to be approved by the Board of Directors [23]. - Range's net debt was reduced by $172 million, bringing the total net debt to approximately $1.40 billion by year-end 2024 [19].